The Private Infrastructure Development Group’s (PIDG), promoters of the Emerging Africa Infrastructure Fund (EAIF) loan, has reached the $1 billion landmark.
PIDG is an innovative infrastructure development and finance organisation delivering pioneering infrastructure in the poorest and most fragile countries.
A statement said EAIF by last year, had signed eight new projects, bringing the loans to $1.04 billion. It is committed $243 million in new loans to businesses in digital and telecommunications, energy generation, manufacturing, transportation and logistics and bulk storage. It can lend between $10 and $65 million to 10 infrastructure sectors.
Tom Greenwood, Chief Financial Officer at Helios Towers, said following the successful London issue: “EAIF’s presence as anchor investor was an important signal to private investors and instrumental to the positive market sentiment that greeted the issue. Their anchor investment helped us to effectively reopen the African corporate debt capital market. EAIF has been a wholly supportive backer of Helios Towers since its creation. Once again, we are delighted to have it involved in our success.”
Since 2002, the fund has created more than 240,000 long-term jobs and provided 231 million people with access to new or improved infrastructure.
